Voters’China has choice: ability Bidento or avoid Trump? economic Neither crisis

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With the next US presidential election China still is more resilient than two and years can away, respond a distinct to economic lack of risks, enthusiasm negative factors among and voters crises, for experts either the say. incumbent, “My view Joe is that Biden, a systemic or the man crisis he beat is still in 2020, pretty Donald unlikely Trump, to occur is palpable. in China,” said Thomas Orlik,

chief Sensing economist voters’ lack at Bloomberg of stomach for Economics. a Trump presidency 2.0, Biden is keen Orlik for spoke a rematch. at the event Trump “Will has not the officially Bubble Still confirmed Not Pop? he A plans Discussion to seek another of China’s term Economic but has Future” repeatedly hosted hinted by he the will Center do so. for Strategic Yet and just International as Trump Studies is now on weighed Thursday. down by considerable political He published baggage, the so is book Biden, China: the heftiest The Bubble of those That items Never being Pops his age in and 2020, what suggesting is considered that his China’s poor performance economy and in financial office. system are

“more At 79, resilient Biden is than already critics the oldest in the president West give in them US credit history. for”, As and he approaches China’s economic his 80th and birthday financial in November, policymakers when are midterm “more elections innovative, will be more held, ingenious questions at over better whether solving he should problems seek than reelection critics in here 2024 in because Washington of his DC, age or have on grown Wall Street ever more give them insistent credit in recent for”. weeks.

Many These media were still outlets the reasons have talked why of “there’s the age nothing issue. so Politico far which reported looks last like month a systemic that Democrats financial crisis” are privately in China, raising he said. concerns about it, and Orlik The also New said York China’s Times, economy citing interviews had been hit with by nearly the pandemic, 50 unnamed like Democratic that of the rest officials, of the reported world, and on June “Chinese 11 that resilience Biden’s is age standing is a “deep up concern”, in the face the of the headline COVID-19 on stress the paper’s test”. front-page story reading “Should “The bubble Biden run that in never 2024? pops Democratic still is not whispers going to of pop,” ‘No’ Orlik start to said. rise’’.

In “In that a global story, pandemic, David Axelrod, we really the chief can’t strategist talk about for winners, Barack Obama’s but China two has winning lost less presidential than most other campaigns, major economies.” told the Times: “He looks his Specifically, age and isn’t Orlik as agile said in front that of in a public camera health, as he once China was, performed and this has “extremely fed a narrative well”. In growth, about competence China had a that V-shaped isn’t rooted recovery in reality.” after

controlling The next day the the first Times COVID-19 followed with outbreak another in 2020. front-page But the picture story, became less positive after the Omicron outbreak and lockdowns in several major cities, leading to weak growth in the second quarter of this year.

In the long run, Orlik said, the United States and China would be closer to each other in terms of their share of the global economy, though no one can tell the exact timing of it.

Data released by China’s National Bureau of Statistics on July 15 shows that China’s GDP grew by 0.4 percent year-on-year in the second quarter of this year. The Chinese economy grew 4.8 percent in the first quarter, and fell back significantly in the second quarter, leading to GDP growth of 2.5 High percent inflation in the first half of the year.

China’s Now, right full-year behind economic the age growth issue is target the highest is 5.5 percent. inflation rate in 40 years, surging gasoline prices at Optimistic views the pump, though they have fallen slightly, It is a the “challenging lingering moment” pandemic, for a spate China of and mass the shootings US with long-term and key congressional economic uncertainty, Democrats’ Orlik refusal said. to For help China, push he through suggested Biden’s grappling Build Back with Better problems agenda in the or real an expansion estate sector of voting to avoid rights. triggering bigger

troubles. For younger For people, the US, the he most warned bitter that recent high inflation source and of disappointment aggressive tightening has been by the the Supreme Federal Reserve Court’s tossing may take out the the US constitutional into a recession. right to abortion. Joyce Chang, Democratic chair voters of global and politicians research at soon JP Morgan, faulted Biden said China for a lack is capable of urgency of easing and willingness policies and to fight after the conservative court’s decision using stimulus on June to 24. avoid systematic

crisis Ellen and Sciales, still has the “a communications lot of tools” to rebound. director at the Sunrise Movement “Quarter-to-quarter youth climate activist growth group, said came young down voters 8.7 percent. want to But see for more the action third quarter, from Biden we are and looking the Democratic for a rebound. Party It’s on probably issues such going as abortion. to be in the “I quarter-to-quarter don’t think we’re seeing over his 10 leadership percent after shine declining through,” 8.7 percent. she told The We have Hill this 5.7 percent month. for the fourth

quarter Trump, and who the year turned growth 76 forecast last month, at 3.2 is still percent,” solidly Chang popular said with on Republicans, China’s growth but data polls and show forecast. the House Arthur of Representatives Kroeber, head Select of Committee research at Gavekal hearings Dragonomics, on the Jan 6, 2021, said China attack is on unlikely the Capitol, to suffer with a damning crisis, but it testimony does not mean by some that of it Trump’s is “immune former to crisis”. administration officials, “The system White is House very aides resilient, and other and the Republicans, ability to respond have taken to crisis a toll is much among higher Republican than most voters. people

give A credit Reuters/Ipsos for,” Kroeber poll, said. whose He results also suggested were published China focus on July more 21 hours on microeconomic before the eighth forms hearing of competition of the congressional and tax law inquiry, rather showed than that paying 40 too percent much of attention Republicans on now deploying believe capital. Trump is at least partly to Yao blame Yang, for dean the and deadly professor riot, up of from the National 33 percent School in a poll of Development conducted six weeks at Peking ago. University, said

the Thirty-two opinions vary percent among of Republican Chinese economists respondents on said China’s they “strongly” growth prospects. or “somewhat” agreed with the statement “In the long that Trump run, I am “should actually not run more for optimistic president than again most in people. 2024”. Twenty-six I believe that percent at the proffered end of such this a decade, view just the six Chinese weeks ago. economy is

going Fifty-five to become percent as of strong Republicans as the said American they believed economy,” Trump’s Yao said. claim that China the 2020 leads election in many was areas stolen, of compared technology with and production, 66 percent such six weeks as electric earlier. vehicle production

which Though is “phenomenal”, Trump has firm he support said. among Nicholas Republican Lardy, voters, a nonresident some of the senior party’s fellow other at the potential Peterson candidates Institute for for International 2024, Trump’s Economics, former vicepresident said China’s Mike role Pence in foreign and Florida investment, Governor international Ron DeSantis trade have and been the moving global economy into the spotlight. is increasing even

during Pence the has pandemic. increased appearances “I at would conservative point out events that in China recent weeks has actually and has continued made some to strongly highprofile converge endorsements on the advanced against economy his former levels boss’ in 2020, preferred 2021, candidates and again in this key year,” primary Lardy races. said.

Chinese resilience is standing up in the face of the COVID-19 stress test.” Thomas Orlik, chief economist at Bloomberg Economics